Trading Symbol: ADA: TSX; ADAIF: OTCQX News Release No.
06-12
June 21, 2012
Acadian's management is currently reviewing the
situation and evaluating various courses of action to meet
TSX requirements before the end of the 120 day period.
However, it is the intent of Acadian to maintain a listing
for the Company's shares.
Management is focused on developing a long term financing
plan for the Company, and has initiated some staff cut backs
in order to lower overheads until this plan can be completed.
Annual Meeting of Shareholders:
At its Annual General Meeting of Shareholders conducted on June 20, 2012, Acadian shareholders re-elected the current board members, namely Jascha Boge, William Bush, Grant Ewing, Peter Lee, Allan Trench, and Glenn Williams.
Forward Looking StatementsCertain information regarding Acadian contained herein may constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance, or other statements that are not statements of fact. Although Acadian believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Acadian cautions that actual performance will be affected by a number of factors, many of which are beyond Acadian's control, and that future events and results may vary substantially from what Acadian currently foresees. Discussion of the various factors that may affect future results is contained in Acadian's Annual Information Form dated March 29, 2012, which is available at www.SEDAR.com. Acadian's forward looking statements are expressly qualified in their entirety by this cautionary statement.
About the Corporation
Acadian is a Halifax, Nova Scotia, Canada based company with
five advanced gold projects, all of which host National
Instrument 43-101 compliant resources. The Corporation also
owns barite properties on Cape Breton Island, Nova Scotia.
Acadian's primary focus is centered on exploration and
development of its core gold deposits in Atlantic Canada,
namely the Fifteen Mile Stream and Beaver Dam Projects.
For additional information on Acadian's properties and
activities, please visit our web site at:
www.acadianmining.com. FOR FURTHER INFORMATION, PLEASE
CONTACT:
Grant Ewing, President and Chief Executive Officer
(902) 444-7779 Toll Free: (877) 444-7774
mail@acadianmining.com
Halifax, Nova Scotia
No regulatory authority has approved or disapproved the
contents of this news release.
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